Useful Information for Tax Year April 2024-25:

• Tax-free allowance £12,570.
• The basic rate limit £37,700.
• The new Dividend Allowance means that individuals will not have to pay tax on the first £1,000 of dividend income they receive.
• National Insurance, a payroll tax, cut by 2p in the pound for employees and the self-employed.
• Higher rate of tax paid on profits from selling property cut from 28% to 24%.
• Threshold at which small businesses must register to pay VAT raised from £85,000 to £90,000 from April 24.
• Auto enrolment pension – Do you know you’re staging date?

Useful Links:

• HMRC

  Providing useful information for businesses including self-employed individuals.

• Companies House

  Providing information for limited companies.

• The Pensions Regulator

  The Pensions Regulator is the UK regulator of work-based pension schemes.

• Claim Employment Allowance

  You could get up to £3,000 a year off your National Insurance bill if you’re an employer.